MLchartDataset catalogue

Employee Retirement Income Security Act (ERISA) of 1974

Term · Insurance and risk management · MLC-T-INS-001293

A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans. It requires plans to provide participants with information about the plan, establishes fiduciary responsibilities for those who manage plan assets, and provides participants with the right to sue for benefits and breaches of fiduciary duty. ERISA does not require employers to offer plans, but regulates those that do.

Table 1. Record
IdentifierMLC-T-INS-001293
FieldInsurance and risk management
SubjectEmployment Practices Liability
Record as JSON 
{
  "id": "MLC-T-INS-001293",
  "term": "Employee Retirement Income Security Act (ERISA) of 1974",
  "field": "Insurance and risk management",
  "definition": "A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans. It requires plans to provide participants with information about the plan, establishes fiduciary responsibilities for those who manage plan assets, and provides participants with the right to sue for benefits and breaches of fiduciary duty. ERISA does not require employers to offer plans, but regulates those that do.",
  "subject": "Employment Practices Liability",
  "url": "https://mlchart.com/terminology/insurance/employee-retirement-income-security-act-erisa-of-1974/"
}

Record 1,147 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.